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I believe Sybase stock will take off within the next 6 to 12 months for a number of reasons. First of all, it wasn't all that long ago that the shares were trading as high as $55 before they announced disappoiniting earnings and the stock dropped to $19, now it's trading at around $35, with support around $30. The CEO recently, publicly, bought stock at the market price, to show insider support and confidence in the companies direction. Now even if you don't trust his motives consider that there really are only 3 major players in the dbase market today, and Sybase has enough marketshare, (besides owning
Powersoft, a decent tools provider), that if it doesn't make it on its own, someone will step in and buy the company. Perhaps IBM, or Sun, it will fit in very well with Suns commercial strategy. |
